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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: LzzrdKing who wrote (5961)	4/12/1998 9:18:00 AM
From: VALUESPEC	Read Replies (1) \| Respond to of 7396

I sold SKYC around $ 15 when it started to fall, and bought almost all of it back @ $ 10.125. I bought some PURW @ $ 13.25, some MIND on Friday @ $ 13.50, and some ISTN a few weeks ago @ $ 8.25 based on a mis-reading of some technical info while I was on vacation(but since the company seems good, I decided to hold what I bought unless it drops below $ 7). My biggest position is in SKYC. I'm waiting for more good news to come out by June 30, 1998 (ACTEL deal). I'm up about 100% so far this year. If SKYC does poorly, however, that should significantly hurt my performance. If the news I expect comes out, I expect to see $15+, if not just for a short time since the stock has a small float. I might also say the results of my experiment last year showed that it is best to trade these small cap stocks for optimum returns. Many shoot up and then fell way back (i.e. MIND). If you had held them without some type of stop, you would have had a heart-wrenching ride. I've been basically trading this year, though I have been more willing to hold one position as long as the story was good and the stock wasn't falling to any unexpected level. I also try to by in the low side of a trading range (unlike what I did with ISTN). VALUESPEC valuespec.com

To: LzzrdKing who wrote (5961)	4/13/1998 10:11:00 AM
From: TATRADER	Read Replies (1) \| Respond to of 7396

Sold LEAP for 2 points Sold IFLY for 1/2 point Sold INTK for break even at open Sold OBJS for 1/2(thanks Lizard) Ready to depart on vacation...Have a good week everyone.... The benefit of the contest is that you have someone verifying if what you say about your trading abilities is true...How do I know if Cooper or Connors are legitimate in the profits they take home? It needs to be substantiated...And a contest does that by providing an outside agency as one who monitors your trades... I agree with you that hopping on board fast moving internet stocks is not what many would do with their portfolios...And yet the shrewd trader can make quick profits here if he knows what he is doing... Further, a contest is not a true gage of trading skill...I buy a 100,000 shares of a 2.00 stock and DON'T move the stock with my entry...Come on, Mark...You wouldn't get all those shares at that price if you were using real money...Thanks Lizard for all your comments, you have a great thread here, and I enjoy reading your posts.....Regards, Mark P.S. My Contest portfolio, went up 10% today...Have to leave town before I lose it....